Tuesday Newsletter

NVDA pressured after hours - NVDA says it will record a $5.5 Billion quarterly charge tied to H20 processors exported to China 

Likely keeps a bid into GC

NMAX what a ride 

GEO and CXW exhibiting relative strength but one must protect in this backdrop

JPOW speaking tomorrow 1:15 EST

QQQ coiled between 5 day MA under and 20 day MA above - how this resolves 

I'm certainly not privvy to such details as there are many competing algos but if you see a consistent pattern - don't hesitate to trade that pattern 

Those are levels coming into today's session - the reclaim on 5439 sent ES up to 5485 where it stalled and then pulled back into the support zones and bounced and remained range bound for hours.  Traders tend to focus early and then step away during lunch and then return post lunch (just a general guide).   The last 30/60 minutes tends to be heavily influenced by 0DTE players and thus some avoid late day shenanigan's 

Can you rephrase that question as I'm not sure what you're asking - price is simply range bound of late 

$NYA - Chart Link

It's day 3. The ZBT rule is that it has to rise from below 0.4 to above 0.615 in 10 days. On April 9 it rose above 0.4 but fell below 0.4 on April 10, so the count starts again from the April 10 low.

VXX/UVXY/VIX continued lower from yesterday mention - trail down stops 

NFLX big move today - reports Thursday after close

EU and U.S. officials made little progress in resolving trade disputes, Bloomberg reports.

Led to a quick dip but market fighting to recover 

UVXY/VXX if anyone shorted (played the fade) trail down 

Your broker should provide real time quotes on VIX  - or get a new broker 

You should have been kept safe by not chasing that open gap as discussed yesterday

ES retraced into initial support and then bounced up to 5493 

Yes and many other options such as a triangle and flat as part of a wave 4  - holding above prior lows is key for bulls 

LOL - maybe